The FTC gave Texaco permission to sell a refinery.
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The Federal Trade Commission’s approval of Texaco Oil’s sale of its Eagle Point Refinery in Westville, N.J., to Houston-based Coastal Corp. is the next to the last divestiture Texaco must make to complete a $10.1-billion takeover of Getty Oil. FTC approval is expected later this month of Texaco’s final divestiture--its interest in the Wyco pipeline.
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